Hong Kong Stocks Midday Review | Hang Seng Index Rises 0.47% in Morning Session, Property Sector Strengthens Broadly

Stock News12:09

The Hang Seng Index advanced 0.47% in Tuesday's morning session, gaining 119 points to close the morning at 25,684, while the Hang Seng Tech Index climbed 0.6%. Morning turnover in Hong Kong stocks reached HK$117.5 billion.

Mainland property developers staged a collective rally before midday, as multiple cities have been intensively rolling out property-related policies. Institutions suggest the sector's pricing has already reflected excessive pessimism. Shui On Land (00272) jumped over 17%, Sunac China (01918) climbed 5.7%, China Overseas Grand Oceans Group (00081) added 3.3%, Yuexiu Property (00123) rose 3.9%, and China Vanke (02202) gained 2.8%.

Tianqi Lithium (09696) surged 4.6% in morning trading after reporting a 49-fold surge in net profit. Kingdee International (00268) rallied over 9% following Salesforce's earnings which refuted the "software doomsday" narrative, with Kingdee accelerating the commercialization of its AI-native products. Vobile Group (03738) climbed more than 8% after results showed first-half net profit up nearly 93% year-on-year, with AI-related revenue generated for the first time during the period.

SenseTime Group (00020) advanced over 6% as multiple performance indicators improved simultaneously, signaling a shift in the company's business model. Dezheng Holdings (02526) gained 8.9% after being included in 23 Hang Seng Index constituent stocks. Hygeia Healthcare (06078) jumped over 13% post-results, with adjusted net profit growing 38.1% quarter-on-quarter in the first half.

International Business Settlement (00147) soared more than 51% after entering preliminary discussions with an independent third party regarding technology investments. China Lonking (03339) rose over 8% as first-half net profit increased 22.37% year-on-year, with overseas revenue growing 20%.

On the downside, Victory Giant Technology (02476) fell 7% after second-quarter non-GAAP net profit declined, with the controlling shareholder transferring shares to a spouse drawing market attention. CGN Mining (01164) dropped 8.3% as lower natural uranium sales volumes and higher costs widened its first-half loss by 18% year-on-year. Zoomlion Heavy Industry (01157) slid over 9% post-results, with first-half net profit down nearly 24% year-on-year, impacted by a negative foreign exchange effect of RMB 1.26 billion.

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